lunch time, will be back, as long as no big pullback here, the breakout still is just a matter of time.
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Can you shed any light on if it rallies going into the Fed meeting, does it usually sell off on the news or is there no bias after tomorrow's meeting? Aren't we already overbought?
Anything could happen tomorrow.
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agnosia wrote:man today was just one big squeeze in crude, nicely done fellas - scared me out of my idea to short. copper is dumping... crude to follow?
Agnosia,
Isn't the in long run, crude should go up due to decrease in supply? I am thinking to stack up on ERX gradually for winter.
in the long run yes, crude will trade higher and we are in a secular commodity bull market that will probably last for some time. Problem is it's highly correlated to the economy and can have huge volatile moves in both directions. Also with commodities you are speculating and not investing in anything except the hope that someone will buy it from you at a higher price.
pady wrote:Beginner question. Short SSO or buy SDS ? Or other possibilities ? Cant trade options now.
Thanks
For an intraday trade, SDS is fine. If you are going to hold for a few days, shorting SSO is probably more beneficial --- especially since we are currently positive today.
KENA wrote:We have had 3 trys to break the hi 's.Any one want to bet on 4??????
Yeah, I agree. I don't think the market wants to go higher. Perhaps a pop tomorrow if the the Adobe/Oracle numbers are very strong today, but the market behavior at this moment ain't bullish. Don't know how Bernanke's smart ideas will influence the markets tomorrow.
Soku: Yes, I agree! We are already "easing" big time! The words will not reflect the intentions of the FED! He does whatever he wants and the banksters are ready to gulp free money and "help". Buying equities by THEM is only one facet of this "action"!
OK, no breakout, then ascending triangle then, again as long as no big pullback, the breakout is just a matter of time.
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Mongoose wrote:I think AAPL is skewing the American markets. Plus I think the US markets a too complacent (naive) about whats going on in Europe. Check the Velocity of Money ratio at the St. Louis Fed, currently @ 1.65 or lower -- its at recessionary levels. CDS spreads are widening. And commodities are heading lower, as is oil. I am still short the US/Asian/Euro markets and short the Euro. And today I am buying silver and gold. I think more and more of the Euro central banks are going to be buying gold. (Likewise I think the PIIGS should be selling theirs to pay their debts).
flies, i mean the famous espresso machine put up a rumor that aapl to replace hpq in d30.
I would not touch AAPL..New hi and maby last hi..Has neg. div.(strong) and will now start to go dn.If you don't belive me wait 6 mo and look at it.Then you can tell me if I was right or wrong.I have seen these hyps befor and they allways come dn.
speaking of aapl, do u still remember this chart i posted in early july?
my projection is not too bad.
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